Nationwide Fund Advisors Buys New Position in CommerceHub, Inc. (CHUBA)
Nationwide Fund Advisors bought a new position in CommerceHub, Inc. (NASDAQ:CHUBA) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,850 shares of the technology company’s stock, valued at approximately $137,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Pembroke Management LTD bought a new position in shares of CommerceHub in the second quarter worth about $15,480,000. Franklin Resources Inc. bought a new stake in shares of CommerceHub during the second quarter worth approximately $5,803,000. Locust Wood Capital Advisers LLC bought a new stake in shares of CommerceHub during the second quarter worth approximately $3,752,000. Gamco Investors INC. ET AL bought a new stake in shares of CommerceHub during the second quarter worth approximately $2,126,000. Finally, S&CO Inc. bought a new stake in shares of CommerceHub during the second quarter worth approximately $2,104,000. 25.70% of the stock is owned by institutional investors.
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CommerceHub, Inc. (NASDAQ:CHUBA) opened at $22.32 on Friday. The stock has a market cap of $965.27 and a P/E ratio of 74.40. CommerceHub, Inc. has a 1-year low of $13.74 and a 1-year high of $24.53.
A number of equities research analysts recently weighed in on the stock. DA Davidson assumed coverage on shares of CommerceHub in a research note on Friday, September 22nd. They set a “buy” rating and a $27.00 price target for the company. Wedbush reissued an “outperform” rating and set a $26.00 price target (up from $22.00) on shares of CommerceHub in a research note on Monday, October 2nd. Dougherty & Co assumed coverage on shares of CommerceHub in a research note on Tuesday, October 31st. They set a “buy” rating and a $27.00 price target for the company. Zacks Investment Research raised shares of CommerceHub from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Tuesday, November 14th. Finally, First Analysis assumed coverage on shares of CommerceHub in a research note on Friday, August 25th. They set an “overweight” rating and a $25.00 price target for the company. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $25.80.
CommerceHub, Inc is a provider of cloud-based e-commerce fulfillment and marketing solutions that integrate supply, demand and delivery for retailers and consumer brands, manufacturers and distributors. The Company’s end-to-end solutions are provided through the CommerceHub software platform, a hub that streamlines integration and enables transactions among its retailer and supplier customers and their other trading partners, while also enabling them to access the online marketplaces, search engines, social and product advertising and other digital marketing channels where consumers browse and buy.
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